Krebs on Security: California oil company that sued its bank after being robbed of $350,000 in a 2011 cyberheist has won a settlement that effectively reimbursed the firm for the stolen funds.
TRC Operating Co. Inc., an oil production firm based in Taft, Calif., had its online accounts hijacked after an account takeover that started late in the day on Friday, November 10, 2011. In the ensuing five days, the thieves would send a dozen fraudulent wires out of the company’s operating accounts, siphoning nearly $3.5 million to accounts in Ukraine.
